Tether invests $150M in Jihan Wu’s crypto mining firm Bitdeer
Following the investment, Tether expects close collaboration with Bitdeer across several key infrastructure areas, CEO Paolo Ardoino said. Go to Source
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Abu Dhabi Regulator Prohibits Cryptocurrency Mining on Farms, Threatens Fines Up to $2,700
The Abu Dhabi Agriculture and Food Safety Authority in the UAE has issued a new advisory prohibiting the use of farms for cryptocurrency mining. The advisory explicitly states that farms cannot be repurposed for cryptocurrency mining, which authorities consider a “misuse of the farm for purposes other than its intended use. Farmers caught engaging in … Read more
MicroStrategy 500% yearly gains beat Bitcoin, Tesla stock — Is MSTR the best short-term bet?
MicroStrategy’s premium to Bitcoin reflects investor confidence in its management, debt-leveraging strategy to acquire more BTC, and potential for future growth beyond its crypto holdings. Go to Source
Venezuela bans crypto mining to protect power grid
This move follows a recent crackdown that involved confiscating 2,000 cryptocurrency mining devices as part of an anti-corruption initiative. Go to Source
Report: Russian Authorities Propose Steep Fines for Crypto Miners Operating in Residential Apartments
Russian authorities have reportedly proposed to impose hefty fines on suspected crypto miners operating from residential properties. Authorities may also consider including amendments to the Code of Administrative Offenses which imposes liability on those misusing electricity. Proposed Measures Aimed at Curbing Rising Power Outage Cases Authorities in Russia have signaled their intention to pursue private … Read more
Marathon Digital misses Q1 estimates on bad weather, utility failures
The Bitcoin miner’s top line came below expectations due to “unexpected equipment failures” and worse-than-predicted weather at multiple mining sites. Go to Source
Marathon Digital, Kenyan government discuss crypto policy, energy use
The Kenyan president announced the talks at an American business summit in Nairobi attended by the U.S. commerce secretary. Go to Source
Bitcoin Miner Riot Platforms Records Modest Revenue Gain Despite 36% Decrease in Mined BTC
Riot Platforms Inc., an integrated bitcoin mining company, reported revenues exceeding $79.3 million in the first quarter of 2024. The revenue increase was slight, rising from $73.2 million to $79.3 million. Remarkably, this was achieved even as Riot Platforms experienced a 36% decrease in the number of bitcoins mined, down to 1,364. Modest Growth Noted … Read more
SEC sues Bitcoin miner Geosyn, accusing founders of $5.6M fraud
The SEC alleged Geosyn Mining’s co-founders misappropriated $1.2 million of its investors’ funds, spending it on holidays, nightclubs and firearms. Go to Source
Chinese Embassy Advises Citizens in Angola to Avoid Crypto Mining
The Chinese Embassy in Angola has cautioned its citizens residing in the African nation to refrain from mining cryptocurrencies, as this activity is now considered a criminal offense. The embassy has also urged its citizens to be vigilant of virtual currency schemes that exploit users’ aspirations for rapid wealth and assured returns. Violators of Angola’s … Read more
